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Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
Why the Rich Are Rushing Into GOLD (And You Should Too)
00:33:09
Is your money really safe? In this powerful episode of The Rich Dad Radio Show, Robert Kiyosaki and guest Marin Katusa break down why GOLD is once again becoming the asset of choice for smart investors — and why the world’s wealthiest are quietly...
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- [00:00]
Robert Kiyosaki
This message is brought to you by Apple Card. Apply for Apple Card today and start earning up to 3% daily cash back on everyday purchases. And that daily cash can even grow automatically when you open a high yield savings account through Apple Card. What you waiting for? Visit Apple Co backslash card calculator today to see how much daily cash you can earn. Subject to credit approval, Savings is available to Apple Card owners subject to eligibility savings and Apple Card by Goldman Sachs Bank USA Salt Lake City Branch memory, FDIC terms and more at Apple Card. This message is brought to you by Apple Card. Apply for Apple Card today and start earning up to 3% daily cash back on everyday purchases. And that daily cash can even grow automatically when you open a high yield savings account through Apple Guy. What you waiting for? Visit Apple Co backslash card calculator today to see how much daily cash you can earn. Subject to credit approval, Savings is available to Apple Card owners subject to eligibility savings and Apple Card by Goldman Sachs Bank USA Salt Lake City Branch memory, FDIC terms and more. AppleCard.com this is the Rich Dad Radio Show.
- [01:09]
Ryan Seacrest
The good news and bad news about money.
- [01:12]
Robert Kiyosaki
Here's Robert Kiyosaki. Hello.
- [01:14]
Marin Katusa
Hello, Hello. Robert Kiyosaki, Rich Dad Radio Show. Good news and bad news about money. And gold is going through the roof and bitcoin is going through the roof and the toilet paper is coming down. So we have a very interesting show today. It's about gold and silver and precious metals. But I'll give you a little bit of my history is this. Here's my little gunship which I flew in Vietnam. Where is it? There it is. And in 1971, Nixon took the dollar off the gold standard. August 15th. And I didn't know what that meant. You know, what does it mean? August 15, 1971, during Bonanza, the TV show Bonanza, Nixon comes on and says, we're taking the dollar off the gold standard. I had no idea what that meant. So I was flying off a carrier in Vietnam, my little, my gunship here. And my crew chief and I decided, well, let's go buy some gold. Because gold was $35 an ounce. And as soon as he announced it, it started to move to 50. So we read the map. We're on a carrier off the coast of Vietnam reading a map and it says, gold mine. You know, cross pick and shovel and au. I said, oh, that's good, that's good. And my co pilot says, you stupid son of a. Marines aren't the brightest guys. He says, the. The North Vietnamese army just Ran over that place. What does that mean? He says, that gold mine is now in North Vietnamese hands. I said, well, what does that stop us? We're gold miners, you know. I mean, gold miners aren't the brightest guys either. So we launched off a carrier, filed a fake flight plan, and we headed into enemy territory. And we're flying my little gunship here, I guess, you know, and we're looking for gold, and we're reading the map. There's all these bamboo trees on the map. I said, okay, there it is. And we. We circled the village. We take no fire. So good. That's a good sign. We park and we took our guns off. And the Vietnamese were having like a swap meet or their daily market, selling chickens and ducks and vegetables. And we come. We come unarmed. You're walking through the village, and the Vietnamese are going, those guys are stupid. I mean, they're walking there. They're gonna get shot today. I said, no, no, no, no. We're capitalists. We're not marines today. We're just. Here was capitalist. So I said, where's the gold mine? And they point to this little bamboo shack. So I walk up to the bamboo shack, a little. Little Vietnamese woman sitting there. And she had bright red teeth. Some of her bright teeth because they chew beetle nuts. And she didn't speak English. I didn't speak Vietnamese. My co pilot definitely didn't speak Vietnamese. And I said, gold. And she had little vials of gold, gold nuggets. And all they look like were raisins painted gold. So I look at my crew chief and I go, is this gold? He says, well, yes, I know. See, back in that day, it was illegal for Americans to own gold. I said, it's illegal. So we're here, two business guys not knowing what we're doing. So gold was $50 that day. And I said, I'll give you 40. I held up two $20 bills, and she goes, spot, hold up. So, no, no, no, 40. She goes, spot. So I got a spot in my shirt or something. And that day, that woman taught me one of the most vital lessons of all times. Gold is money. As JP Morgan says, gold is money. Everything else is credit. So what happened on that day was a dollar was becoming toilet paper. It was now credit. It was debt. And then she says, spot. And she wouldn't budge. And the next thing I hear is all this yelling and screaming from my crew chief. And I said, oh, the NVA is going to get us. So we are running through the village thinking, the NBA going to kill Us that day. And I still remember Marin walking through the. Running through the village. There was a duck in my way. That duck became a football. You know, I didn't mean to hit your duck. And then now the Vietnamese are pissed because I kicked his duck. So we get out to my aircraft here, and it's sinking. I said, what's wrong? And Marines aren't the brightest guys on earth. We parked it in a rice paddy. The damn helicopter was sinking.
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Unknown
Oh, boy.
- [05:52]
Marin Katusa
We had to climb in the. The. The two pilots were bigger than. The crew chief was a tiny guy. And he starts the engine. And we're. We're on the. Back in the boom area, on the boom area this side here, and is rocking the aircraft, rocking the aircraft, trying to get out of the mud. Mud's flying. Recovering with mud. He finally gets into a hover. He's holding it. The two pilots climb in, and we fly back. Aircraft covered in mud. Were covered in mud. No gold. And we got back onto the carrier, and we said, don't ask us what happened, which is. That was my first day of buying gold. I failed terribly. It's a long way of saying in full disclosure, Marin KATUSA is KATUSA research. Been a friend for years. He lives in the. The great country of Canada. And we took this little. This little puppy here. It's like, this is real. This is what real gold looks like. And this is the Trixie Mine. And we took this public on New York Stock Exchange. And we're going to talk about my favorite subject, gold. As JP Morgan says, gold is money. Everything else is credit or debt. And as you may know, Moody's just downgraded the American credit market, the debt. So the bonds are going bad in America. So what's happening all over the world? The Chinese and Japanese, anybody who has our bonds are dumping our bonds and buying gold. So gold is going up. So what's that Introduction? Marin, welcome to the Rich dad show. And I'm glad you're a partner and you know more about gold than I did and that you should have a little Vietnamese woman as your partner. She knew a lot about gold.
- [07:37]
Unknown
It's easier to buy gold today. For you, at least, that's the benefit. But it is interesting. You know, one thing, that even though the gold market, when we. If you recall, when we went to the New York Stock Exchange, gold was about $2,000 an ounce. Today, it's about 3,300 US dollars per ounce. But in every currency in the world, gold is in a bull market. It's not just in US Dollars, it's relative in every single currency. So that's something to keep in mind also. But it's harder than ever to permit a mine. ROBERT capex Costs, like the cost to build these mines are higher than ever.
- [08:19]
Marin Katusa
Environmentalists don't want them totally.
- [08:21]
Unknown
So you look at the time to permit and the time to build is longer than ever before. The cost to build per ounce of gold production is higher than ever before. Permitting not just the environmental, but the community, the indigenous, depending where you are, and more importantly the geopolitics. And mining is tough regardless of the other risks. So the key to the game is to de risk it. And I have a very simple you stick to it. The best people in the world, in the safest jurisdictions in the world. Great is king metallurgy. The ability to take that gold out of the rock is queen. And you look at some of the greatest mines in the world, they're right there in America. You know, you look at Trixie, the rock that you're holding there, that's some of the highest grade gold production in the history of the world. In South Dakota, you look at Dakota gold homestake, over 40 million ounces of gold empires were built from that, like the Hearst family empire and then that funded all of their publishing empires. So you look at the wealth, you look at certain areas in Nevada, these new technologies are coming into America under President Trump. It's not just the, the nuclear renaissance, there's a mining renaissance going on and they're fast tracking this process where these environmentalists and these NGO groups who were incentivized and their business was to prevent these mines now are being called to task. And these mines are high paying jobs, safe jobs. The technology being applied to these jobs. What fracking, what the American oil industry experienced 15 years ago in fracking, that incredible technology and revolution and the jobs that created and the geopolitical global change of what that happened, we're just starting that in the mining industry also. The miners, like you said, aren't as smart as the oil and the oil patch. So it takes a decade and a half to catch up, but they're getting there.
- [10:31]
Marin Katusa
So let me get this, okay, so this here is the Trixie mine. Where is it located?
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Unknown
So that's in Utah. Utah has incredible potential. You look at some of the largest copper mine in producing mines in the world is right there in Utah. That's a real.
- [10:47]
Marin Katusa
The reason I say that is my first mine was in China. Yeah. And we took it public on Toronto Stock Exchange. And as soon as we struck gold The Chinese said, thank you very much. That's called country risk. So when you started telling me to invest in this one here, it's American. And so that reason I like it is because you don't want any country risk because that's where most mines are, is in dangerous countries. But this one here is in Utah's. Call sign is odv, New York Stock exchange. I'm not saying invest in it. I'm just telling you this is what Marin and I brought to market here.
- [11:24]
Unknown
So remember when we went to the site, the workers, they were all fans of yours. They were asking to take photos of you. These are young, strong. You remember the joke I said to one of the young guys, I said, oh, you take a picture to impress your lady friends in the bar and they go, no, I don't go to a bar. I'm Mormon. These are strong, healthy, motivated people to work and improve their lives, increase cash flow. You know, if you're a young person, I couldn't encourage a better industry than to go and actually build something. And, and mining is an incredible industry that needs people who want to work hard. And you look at, you know, Robert, what happened. Basically the, you know, God created the gold. But the interesting thing is the devil took it and spreaded it around the world and he put it to screw with people in these crazy parts. So in the 90s, the price of gold went all the way down to just under $300 an ounce. So projects like what you have in Utah or in South Dakota, as you go deeper and deeper, that at $300 gold, it didn't make the return that you could go to places in Chile, Peru, China, Indonesia, the Philippines, Africa. All these places where the low hanging fruit was there. So the mining companies went to where it was. Now that that's 20, 30 years later, the governments want their take, the indigenous people want their take. Royalty rates are going up. So what, what interesting what you see is even though gold is now over $3,000 an ounce, you would think, wow, the, the margins of these producers should be incredible. Well, it's actually not because the government, as the price goes higher, the government takes a bigger rake. Cola contracts with all the unions. The cost of a living adjustment. The, the workers are going to take a bigger chunk as the price goes up. So the shareholder, you got to where you're producing. And I can't emphasize enough grade and political stability with a management team that knows what's going on. There's so many projects that are 50%, 100, 200, 300% CAPEX overruns and consultants. Like if you're, if your project's being run by consultants, good luck. I wish you the best of luck.
- [13:39]
Marin Katusa
Right again. This is a call signs odv. It's in Utah and after China, I have a whole new definition of country risk. The country risk is America. We obey our laws. They don't change the laws. So I have a question for you Marin is why don't Marin what isn't Marin Contusa just buy the gold coins? I mean what is the advantage of going with miners? Because that was one of the questions I had for you because I've been buying gold and just the coins and I store them at Liechtenstein, you know, because that's where, that's where it's safest. But what's the advantage over owning gold coins or a stacker as they call them, versus the mine?
- [14:24]
Unknown
So I think in a portfolio you want a bit of everything, number one to really throw it out there. But if you really want the leverage or what they call torque to your portfolio, when you get into a project like what we invested in, Robert, there's a hundred years of data there, other people's money, OPM as I call it and bringing modern technology, you can start adding millions of ounces of gold without spending hundreds of millions of dollars to drilling. And that leverage now that torque can take these stocks significantly up. In addition, once you advance that and de risk the asset, you go and get a permit such as what we did, that now de risks it to get into production and then your leverage ratio really skyrockets. So in my newsletter, when we first started this one, one that we started earlier, if you look at Artemis Gold which was in our newsletter, it started at a dollar. And as you go and remember this company took over an existing asset, brought new technology, got the permits, it went from a dollar to over $20 that you can't get with stacking. Now stacking is important and nor should anyone put 100% of their portfolio for their mining exposure just into, you know, exploration risk, understand your risk. These are all very risky projects. You know, just recently a friend of mine and a great mining legend, Robert Friedland, his rock, his underground mine had rock stability issues and they've been so successful and, and that's how hard mining is. They have to shut the mine down to reassess the geotechnical risks. So that's a good reminder to everyone that mining is tough. So never have all your eggs in one basket. But if you really want exposure and leverage, understanding your risk you can decrease your risk and increase your odds of success with the right management teams, with the right projects. And as you get towards that production cycle, the next Artemis gold is where I think these are in our, in our portfolio. And Artemis in our newsletter went from $1 stayed to $4, consolidates $6 consolidates 12. And now it's over $20 a share. That's why you want to invest. And you know, exploration is so expensive. You know, you're looking at certain parts of the world. It's all, it's about a thousand dollars a meter or call it $300 a foot to drill diamond core. That's how expensive it is. So I've always been in the camp of I married a geologist. I tried to, you know, I'm more of a de risker I like to go to. My biggest successes have been on old mines with old data digitalize that bring modern technology to advance the asset and get the big upside.
- [17:19]
Marin Katusa
Okay, so we come back, we ask when I talk to Marin again, generally what happens is gold stackers move first, then come the mines and then people are right. I was with Rick Rule out in Orlando and Rick was talking about the different mines coming online now and all that. That's a very different business than stacking gold coins. But the money is made in the mine now that it's starting to move. So we come back again. We make no recommendations. Government, do your own research. This here is a mine. I learned the hard way about China and country risk. The call signs odv and it's in Utah. And I trust the Utah government more than I trust the Chinese government. So we come back. We're going with Marin Katusa and we're going more about why gold and mining is the industry or the investment of today. We'll be right back.
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Unknown
Foreign.
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Marin Katusa
Welcome back. Robert Kiyosaki Rich dad radio show. Things are changing really fast. And you've heard me say for years, this here is toilet paper and this here is a Zim dollar. It's $10 million. You couldn't buy an egg with this today. And the federal government's doing exactly the same thing with this.
- [18:38]
Robert Kiyosaki
Rich dad likes gold. Rich dad likes bitcoin. Rich dad owns both. But right now, rich dad believes silver might be the most overlooked opportunity of them all. Here's why demand for silver is exploding. Using solar panels, electric vehicles, computers, electric product, weapons systems, medicine and even water purification. But unlike bitcoin or gold, silver supply is going down. And messaball it's still the cheapest gold is Breaking all time highs, Bitcoin hitting new records. Silver is still 60% below its all time high. Why? Silver is useful and the price has been suppressed for decades to keep it affordable for industry. But Rich dad believes that manipulation is over. And rich dad believes silver is about to slingshot to all time highs, possibly 70 an ounce in 2025. So if you want to understand what's happening, how to take advantage of it, text the word SILVER the 24999 and get your FREE 2025 Silver Forecast Guide from rich dad's trusted silver source, Priority Gold. You'll learn what's driving silver and how to buy it smart before the next surge. Again, Tech Silver the 24999 right now to claim your free 2025 Silver Forecast Guide and get ahead before silver takes off. Silver is the most ignored asset in the market right now. And I believe it could double this year from $35 to $70 an ounce.
- [20:03]
Marin Katusa
Why?
- [20:04]
Robert Kiyosaki
Because silver demand is exploding. Silver power, solar panels, electric vehicles, AI, semiconductors. It's in your phone, your water, your medicine. But while demand is surging, supply is collapsing. Mines are flat, scraps drying up, governments are even stockpiling it. Meanwhile, gold breaks records. Bitcoin soaring. But silver still stuck at half its all time high. That's not a mistake, that's an opportunity. That's why I'm loading up. If you want to learn how to add real silver to your IRA or 401k tax free, text SILVER to 24999. You'll get the rich dad silver forecast guy again. Text silver to 24999. Before silver rockets past $70, they're printing.
- [20:54]
Marin Katusa
Printing, printing, printing, printing, printing. And that's why for full disclosure, I'm an investor with Marin in odv. It's a gold mine. That's what real gold looks like. It's in Utah. Very low country risk, very hard working. Most of the miners are Mormon. They don't drink, they show up on time, they work hard. But what Marin did with this mine I thought was brilliant. And Marin, correct me if I got it wrong, this mine was started around the 1850s and the miners kept all these records. And what you did was you took those records and didn't you apply like AI to it to find out what they had really discovered?
- [21:33]
Unknown
Correct.
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Marin Katusa
You took new technology to old technology.
- [21:37]
Unknown
All mining records, analog data. Remember we went into the data room and it was all just sheets and sheets and sheets of old school paper. Not even today's paper. Remember how different that old mining paper Was so you have to digitalize it and bring modern and then you have to confirm the wells, the data with new drilling. But I've done that time and time again. Copper Mountain, that was over 20 years ago and it became the third largest producer in Canada. And it's just to how can you de risk your investment and get more information, more data? And it's taking this 100 years of data, digitalize it, optimize it and accelerate your process.
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Marin Katusa
Is it accurate to say it was AI did that?
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Unknown
Well, AI has been around for many, many years now it's getting a different type. But yes, there's all sorts of incredible software. I didn't invent the software. You just pay for other people to create this AI software. And then you go and digitalize all that information to tell you, oh, this is it. And remember all the 3D models of all of where the deposit is, you can calculate how much has been mined out. That's how we created the, you know, instead of taking the shaft, we did a whole tunnel to get to the different levels. Mining is expensive, it's risky, so you have to really stretch. Get a dollar out of a dime is the old saying.
- [23:02]
Marin Katusa
So what did you discover by taking, let's say AI for lack of a general term. What did you see that other people did not see in this old mind?
- [23:10]
Unknown
So before we bought the asset, we did significant due diligence, Remember, we had to raise over $200 million to get to where we are. That's serious money mining. If you have a real asset, there's real prices to it and it's about going, okay, do we have something that is world class grade, world class economics and can we. But you know the beauty of a past producer, Robert, it's already a brownfield. It has shafts, you know that, that, that, that's a district. There was over 23 operating mines historically on that tenure, all consolidated. So it's a lot easier to bring in a new mine if it was a past producer than it is a green field, which is there is no new mine. Especially in today's climate, regardless of where you are in the world, that's easier to do.
- [24:05]
Marin Katusa
Okay, so what did you find out? That when you looked at the old records, applied new technology to it, I mean, you saw something other people couldn't see.
- [24:15]
Unknown
Oh, definitely. Like when you're looking at all this analog data, it's by stope, by stope, foot by foot. It's really hard to put that all together. When you digitalize it, you're able to See, do we have an economic deposit? Do we have something here that warrants further exploration risk? And that's what we found out that we, we should go this. And then look, we went and hired some of the, the world's top geologist, Dick Sillitoe who's the most awarded geologist on the planet, that Rio Tinto and BHP and Robert Friedland, he's a famous person where he himself walked the land. And as you know he came on in my newsletter on a video saying he believes this is the number one prospect not owned by a major. That's pretty good. If the guy who knows more than anyone else, you know, he's like the, you know, the Michael Jordan of porphyry geology. That's big, big world class deposit. Says that you're on the right trail. Doesn't guarantee success, but you're on the right trail. Plus we believe gold would go higher, which it did. Silver, copper. And it's a district. It's not just one mine, that's a district which means 20, 30, 40 years of mine life.
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Marin Katusa
And do we do, does ODV control that district?
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Unknown
Correct? Yeah, they bought the whole thing.
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Marin Katusa
So that's, that's how you look at a mining play, correct?
- [25:47]
Unknown
Yeah, you want to own the whole development structure because a major is eventually going to want to have that. You look at just the historical data. The way we looked at it was we were buying now what was drilled out at a discount. We get all the upside for free. That's how you, you want to do the value investing so you can de risk your, you have all the metallurgical results, you have the mining results. So you know what your recovery grades are. You can actually put an economic model towards this to de risk your investment. And that's the big part here, right? So you know, you look at it, gold's been a great place. We talked about stacking. You can buy an ETF which is the passive way, it's called gdx. That's one way to buy it. Then you have the majors and the majors are essentially in this situation where they, because prices have been so low for so long, they haven't replaced their existing production that they've, you know, depleted. So you have your reserve life index like in oil it's decreasing and because it's been so hard to attract capital, there's been so little exploration going in the industry that there hasn't been big discoveries that the majors are going to replace the production that they produce, the gold that they produce. So it's an Interesting time in the market where you're looking at it going, we're at over $3,000 gold. You mentioned Rick Rule. He was a partner of mine for over 10 years. He's a very close personal friend. And there's so few of us in the industry that have been around for 20 years that everyone's been going to Tesla and Apple and you know, the Silicon Valley successes, that mining was kind of this like whatever industry. But you know, without mining you can't really build anything. And interestingly enough, if you see what's going on in Africa, you look at increases in labor strikes at mines in South America. You know, just Peru and Chile, two countries produce over half of the world's copper. You know, that's a scary stat for you. Yet America has some of the world's largest deposits. You look at pebble in Alaska, that's going to eventually be produced. I've been to that with David Lowell, who's at the same level as Dick Sillitoe's world class geologist. You look at what's going on in, I was just down in Arizona. You look at the incredible copper potential in Arizona, your home state. You look at the incredible assets that America has and now mining is got a green light in America for the first time in decades.
- [28:26]
Marin Katusa
Well, let me say it another way. So this here is trash. And just recently, Moody's just downgraded our bonds and for years bonds or debt was a tier one asset. But when they downgraded the bond, everybody says, well, America's bonds or debt or credit is no good. So the Chinese, Japanese and the world starts dumping our bonds and they're shifting to gold. So when you saw Moody's downgrade the US debt, what did you think?
- [29:03]
Unknown
Wow, gold is going to rip. That was the first thing that I thought. And going, you couldn't be in a better sector. You knew bitcoin's going to benefit from that. It did. It's up 10%. You look at gold, it's up because of that. And, but it's a reality. You look at what's going on in the European Union, as my old friend Doug Casey used to say, at least with the US Dollar, you know who owes you, with the eu, it's who owes you, right? So you have all those risks also. So, you know, I think every when you have even the Wall street titans like Druckenmiller and all these legends on Wall street saying you need a little bit of exposure to gold in your portfolio, whether you buy physical gold or buy the ETFs or the miners or the speculations, these non producers in the gold sector that will one day become producers. That's where your biggest leverage will be. You need some exposure to gold.
- [30:02]
Marin Katusa
Right? So when there, what I think is happening in 1971, Nixon took the dollar off the gold standard and how many years ago. And I think that era is finished. We're now going back to a whole nother, you know, the current. This is, this is trash now. And so we're looking for a new form of money, which is why bitcoin's going up and all this. Yet millions of people are still hanging onto this. I'd rather trade this for gold or silver or bitcoin or saying it, I just want to say it, These people are hanging onto this when it's going down. Would you agree with that?
- [30:44]
Unknown
Well, you look at the buying power of the dollar significantly gone down. And gold is. You look at whichever metric you want to use. Housing, historically, gold is a way to preserve your wealth. Will it be volatile? Of course, like you said, the spot market will go up and down. China will make a move, or Japan or. But yet if you take all the sovereign wealth funds and the pension funds, less than 0.2% of the global assets own gold, less than 0.2%. I don't know, I like someone like Druckenmiller who's an absolute success. And if he's saying it should be 1 or 2%, imagine the buying power that will come in and raise the price of gold and all the miners. Because as the price goes up, then your margins start going up. Now your costs will creep up. You're going to have cost inflation like you said, because the dollar is losing its value. But gold is a great place to be for me. You know, there's that old saying, Robert, gold is the currency of kings. Silver is the currency of gentlemen. Barter is the currency of peasants and debt is the currency of slaves. So you want to decide where you want to be. Personally, I love gold. Silver is a byproduct from a lot of copper porphyries. There's very few ways to place pure silver speculations. First, majestic pan American silver are good places to go, but I just love gold. You know, you can be a gentleman, but you're gonna make a lot more money being with the kinks.
- [32:24]
Marin Katusa
Can I ask you, I hate to ask this question, but do you have a forecast what gold will be like, what the price will be 20, 26.
- [32:33]
Unknown
I get scared when Goldman Sachs, these guys that I've always been competing against are saying 3700 for the end of 2025, like that's what, seven months away. The gold price today, Robert, is incredible for us when we go and build mines. So I'm very happy if it doesn't go up, if it goes up too high, you know, the difference between mining and let's say bitcoin is in. I can't move the gold deposit. So I would be very scared in places in Africa, certain parts of South America or Asia if you have a very lucrative gold mine. And now Gold's 5,000. These negative swap line nations that I talk about in my book, they're going to want a bigger cut. And you can't move your mind. You're stuck. You have nothing. You have no choice but to buy. At least if you're going to be investing in America and you get the $5,000 gold. You know, Utah is not going to steal the mine. Nevada government is not going to steal the mine. The Alaskan government is not going to steal the mine. The unions will fight for a bit more, but, but you have a lot of margin at that point. So I would like gold to stay below 4,000 just so it doesn't cause true chaos in the industry. But 3500 to 4000, you could not. It truly is a gold rush for the balance sheets of these companies.
- [33:54]
Marin Katusa
Well, Marin, you know, thank you. I'm honored to be a partner and again, a full disclosure. We make no recommendations. We're just saying what we do. So I'm honored to be part of your project there and thank you for contributing your knowledge to the rich dad fans about gold.
- [34:09]
Unknown
It's always my pleasure.
- [34:11]
Marin Katusa
And we come back. We're right back with a final word from rich dad. Thank you.
- [34:18]
Robert Kiyosaki
This message is brought to you by Apple card. Hey, did you know that you can get up to 3% daily cash back on every purchase you make with Apple card? It's not complicated point system, just unlimited daily cash back on every purchase. No waiting for rewards. No limits on where you can use your daily cash. Use it on food, shopping, travel. The choice is yours. As an added benefit, you can even choose to let your daily cash grow over time by opening up a high yield savings account through Apple card. Visit Apple co backslash card calculator today and discover just how much daily cash you can earn. Subject to credit approval. Savings is available to Apple card owners subject to eligibility. Savings and Apple card by Goldman Sachs Bank USA Salt Lake City Branch Member FDIC terms and more@applecard.com Gold is up over 25% this year. And I believe it's just getting started. Even Goldman Sachs says it could keep climbing through the end of the year. But most people, they're still stuck in paper gold. They buy ETFs thinking they're covered. But that's not gold. That's a paper promise, an iou. And when the system breaks, that paper won't mean much. Even worse, gold ETFs are taxed like collectibles, not like a real investment. You could get hit with a 28% capital gains tax. That's not a hedge, that's a trap. I don't own paper gold. I own physical gold. The kind that you can hold, store pass on. No Wall street exposure, no counterparty game, just a time tested asset to help strengthen and diversify your savings. And yes, you can move your real gold into your IRA or 401k tax free. If you want to learn how, text Gold to 24999. You'll get the Rich Dad Gold forecast guide. It explains how real gold can help you hedge against uncertainty and why so many are turning to it right now. Again, text Gold to 24999 and get the facts before the next wave hits.
- [36:18]
Marin Katusa
Welcome back. I want to thank my partner, Aaron Katusa. And again, the mine we have is in Utah. Call sign is odv. It's not a recommendation. It's called the Trixie Mine. And we took it public on New York Stock Exchange. When you look back here, the cash flow board game, the fast track there is where I invest in the middle section. The rat race is where most people invest in. And the middle track is for people who invest in stocks, bonds and mutual funds. What these financial planners will tell you, bonds are safe. That is the biggest lie ever told. They call the 60, 40, 60% equities, 40% bonds. That's the rat race behind my head here. That's, that's what they invest in. There's no such thing as a safe investment. So anyway, the reason I'm on the fast track up there is I'd rather own the gold mine than buy U.S. bond. And so the reason Rich dad again, we're only for educational purposes only. We make no recommendations. But when Moody's and this is kind of 2025 and May Moody's downgraded this year, that means the US dollar is now trash. That makes this here, which is real gold, that's what real gold looks like more valuable. This isn't going up, this is coming down. And that's like the Zimbabwe dollar here. This is 10 million. This couldn't buy you a boiled egg. The question is, is this going the same way? Once again, ladies and gentlemen, it's no time to be foolish and stupid. What does our school teach you about money? Nothing. So that's why everybody's into 60, 40, 60% equities, 40% bonds, and Moody's just downgraded our bonds. Think about the so thank you for watching the Rich Dad Radio show or podcast and make it a better world. Thank you.
- [38:20]
Unknown
This podcast is a presentation of Rich Dad Media Network.
- [38:26]
Ryan Seacrest
Hey, it's Ryan Seacrest for Albertsons and Safeway. Now through June 24th. Score hot summer savings and earn four times the points. Look for in store tags on items like Starbucks ground coffee, Red Bull energy drinks, Spam, Classic Planet oat milk, char and bath tissue, Totino's pizza rolls and Frito Lay chips. Then clip the offer in the app for automatic event long savings. Shop in store or online for easy drive up and go. Pickup or delivery subject to availability restrictions apply. Visit Albertsons or Safeway.com for more details.
- [38:57]
Marin Katusa
Packages by Expedia. You were made to be rechargeable. We were made to package flights, hotels and hammocks for less Expedia Made to travel.